29 November 2017, Finland | Corporate Finance | News
Catella’s Corporate Finance team acted as the advisor to Exilion in the sale of a landmark office property in Keilaniemi to a fund managed by Deutsche Asset Management.
The transaction consisted of two office buildings and a parking facility located at Keilalahdentie 2-4 Espoo in the Helsinki area.
The buildings were originally built as Nokia’s headquarters and today the buildings house three major tenants: Microsoft Mobile Ltd, Fortum Plc and Tieto Plc. The office buildings were built in 1996-97 and have a total lettable area of approx. 31 000 square metres.
The total transaction price is approx. € 164 million which corresponds to an initial yield of approx. 4.65 percent.
The transaction is one of the biggest individual office property deals in Finland in 2017.
The seller is a fund called Exilion Real Estate I Ky managed by Exilion Management Ltd.
Catella acted as the financial advisor to Exilion throughout the sales process.
Antti Louko
Telephone: +358 10 5220 200
antti.louko@catella.fi
Markus Juvala
Telephone: +358 10 5220 314
markus.juvala@catella.fi